As AI Fireworks Fade, Smaller Caps May Maintain Spark
Abstract: The undercurrents of the equity market are worth paying attention to, for while parabolic…
Equity Research
Global Stocks Should Help Diversify Equity Portfolios, at a Low Relative Cost
Abstract: Adding nondomestic stocks to an equity portfolio has clear diversification benefits, and both emerging…
Is a Bubble Set to Burst in Semis? Depends on Earnings Hype
Abstract: One of the largest, risk-tolerance-setting industries in the S&P 500 – semiconductors – has…
Quality Lagging Growth in 2Q, But Still Winning the Long-Term Race
Abstract: AI Disruption Has Growth Leading Quality, but It is Likely Short Term Though tech…
A Deep Dive: Will 2026’s Unicorns Pierce the Market’s Armor or Prove to Be Trusty Steeds?
Abstract:2026 could be the best year for IPOs on record based on already completed deals…
Emerging Markets are Outperforming and Getting Cheaper at the Same Time
Emerging Market equities are on pace for a second consecutive year of outperforming U.S. stocks,…
A Deep Dive: Magnificent-Seven’s Breakup Continues Amid Capex Boom
Abstract:The Magnificent Seven has managed to recover its year-to-date loss with April’s rally, though most…
Warsh Fed Could Spell Trouble for Already Tight Equity Risk Premium
Abstract: Equity Risk Premium’s Normalization More About Real Rates Than Expensive Stocks The equity risk…
Bonds See Risk from Elevated Oil as Stocks Look Elsewhere
A notable divergence emerged between equities and bonds in April, with 2-year Treasury yields tracking…
A Deep Dive: If Manufacturing Recovery Turns a K into a V, Small Caps should benefit
Abstract: After a Three-Year Recession, Manufacturing Might Be Turning the Corner The manufacturing economy may…
Mega Cap Mania is Obscuring a Struggle for Growth Stocks
Abstract: Value Has Supports that Growth Lacks The largest of large cap growth stocks have…
S&P 500 Earnings Outlook is Leaning on Energy
Earnings season is helping to boost the mood for equity markets. Despite souring economic data…